CFPB’s debt collections expert will address Law & Compliance conference

A high-ranking executive of the Consumer Financial Protection Bureau will address AFSA’s second annual Law and Compliance Symposium on March 5, the first day of the conference. John McNamara, the CFPB’s Assistant Director of Consumer Lending, Reporting, and Collections Markets, will address the conference on the topic of Debt Collection Rulemaking.

McNamara last week accompanied CFPB Director Kathy Kraninger during her “Listening Session” visit to AFSA’s Installment Lending Summit & Congressional Fly-in. At that meeting, executives of AFSA member companies had the opportunity to describe their business models, customer base and longevity in providing access to safe, affordable credit in their markets to Kraninger, McNamara and other CFPB personnel who attended that session.

McNamara was appointed to this position in June of 2017, under then-Director Richard Cordray, and had previously served in this capacity in an “acting” role. Prior to that he was Debt Collection Program Manager at the Bureau. Before joining the Bureau, McNamara was the chief marketing officer at LiveVox, a provider of cloud contact center solutions. He also served as president, CEO and co-founder of Fidelis Recover Solutions, Inc. He has more than 30 years’ experience in the debt collection market.